Dear KuCoin Users,
KuCoin is extremely proud to announce yet another great project coming to our trading platform. Frax Share (FXS) is now available on KuCoin. Supported trading pairs are FXS/USDT, FXS/BTC.
Please take note of the following schedule:
Tags: Avalanche Ecosystem, Seigniorage, Olympus Pro
Project Summary
Total Supply | Market Cap | Issue Date | Consensus Protocol |
99,899,045 FXS | $368,962,221 | 2020-12 | - |
Circulating Supply | 24hr Volume | Issue Price | Cryptographic Algorithm |
16,209,405 FXS | $36,897,891 | - | - |
* The key metric numbers are calculated as of November 10, 2021
The Frax Protocol is the first fractional-algorithmic stablecoin system. Frax is open-source, permissionless, and entirely on-chain – currently implemented on Ethereum (with possible cross chain implementations in the future). The end goal of the Frax protocol is to provide a highly scalable, decentralized, algorithmic money in place of fixed-supply digital assets like BTC.
Official Website: https://frax.finance
Official Twitter: https://twitter.com/fraxfinance
Know more: https://t.me/fraxfinance
White paper: Click to view
Risk Warning: Investing in cryptocurrency is akin to being a venture capital investor. The cryptocurrency market is available worldwide 24 x 7 for trading with no market close or open times. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology. KuCoin attempts to screen all tokens before they come to market, however, even with the best due diligence, there are still risks when investing. KuCoin is not liable for investment gains or losses.
Regards,
The KuCoin Team
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